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Bayer CropScience trades higher as its parent firm signs definitive agreement with Cinven

11 Mar 2022 Evaluate

Bayer CropScience is currently trading at Rs. 4447.30, up by 5.55 points or 0.12% from its previous closing of Rs. 4441.75 on the BSE.

The scrip opened at Rs. 4521.55 and has touched a high and low of Rs. 4525.00 and Rs. 4444.70 respectively. So far 1889 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6127.45 on 13-Aug-2021 and a 52 week low of Rs. 4101.20 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 4567.10 and Rs. 4284.95 respectively. The current market cap of the company is Rs. 20035.63 crore.

The promoters holding in the company stood at 71.43%, while Institutions and Non-Institutions held 15.52% and 13.05% respectively.

Bayer CropScience’s parent firm -- Bayer AG has signed a definitive agreement with global private equity firm Cinven to sell its environmental science professional business for $2.6 billion. The transaction is expected to close in the second half of this year, subject to the satisfaction of customary closing conditions. Its net proceeds are to be used to reduce Bayer's net financial debt.

This divestment represents a very attractive purchase price and allows the company to focus on its core agricultural business and the successful implementation of its Crop Science Division growth strategy.

Bayer CropScience is a world leader in the areas of crop protection pest control seeds and plant biotechnology. The company offers comprehensive solutions for modern sustainable agriculture and non-agricultural applications.

Bayer CropScience Share Price

4900.45 -32.85 (-0.67%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
UPL 665.00
PI Industries 3144.45
Bayer CropScience 4900.45
Sharda Cropchem 1109.70
Sumitomo Chemical 441.95
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